OpenAI hasn’t gone public yet, but a market betting on its valuation is already open.

MNX has launched pre-IPO futures on OpenAI, Anthropic, and DeepSeek, expiring at the end of 2027, with up to 3x leverage.

But you’re not buying stock—you’re placing a bet. The settlement price could be very different from the company’s actual valuation.

Avoid the pitfalls: treat it as a tiny, lottery-ticket-sized position, don’t use leverage, and don’t mistake the futures price for a valuation.

Would you put in a small amount for fun, or not even look?